ID: MRFR/AM/3688-CR | October 2020 | Region: Global | 100 pages
Automotive Night Vision System Market Overview
According to the latest research report, the global automotive night vision system market size has seen remarkable growth in the market and it has been observed that the demand for the automotive night vision system to grow with the CAGR of ~ 11.5%. An automotive night vision system is a thermographic camera that is used to increase the perception of the driver and provides a clear vision in distance in darkness or in poor weather beyond the vehicle’s headlight reach.
Automotive night vision systems are basically used as optional equipment on premium vehicles. The global automotive night vision system market is expected to experience massive potential during the forecast period due to the amalgamation of night vision systems with modified front lighting systems. It improvises the prospects of the driver and to recognizes the existence of the potential hazards. The rise in the consciousness among the consumers for the purchases of the higher safety systems in vehicles is also predicted to drive the global automotive night vision system market share. The Automotive night vision system (NVSs) is basically for luxury cars and it is likely to boost the mid-car segments by the end of 2023. Moreover, the high cost of the night vision system creates a significant threat due to the high-tech technologies used in systems like sensors and display units, it is relatively expensive.
This report contains all the information on the global automotive night vision system market outlook, research, and market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global automotive night vision system market analysis and forecast to 2023 is also included in the report.
According to the researchers, the analysis of the business implication of the widespread virus and its convincing economic crisis has readjusted the levels of growth in the active segments to a revised CAGR.
The global automotive night vision system is an advanced safety system and it is mostly used in high-end passenger cars due to its basic objective of reducing the count of automotive accidents, it also decreases the impact of the accident on driver and passenger which is the major key factor for the growth of the global automotive night vision market trends.
The rising advantages of such systems in order to improve the visibility at night and better views at any bad weather conditions is the major driving factor of the global automotive night vision market growth.
The complexity of improper vision in the vehicle can be substantially reduced with the help of the night vision systems and hence assured safety and reduces the collision of vehicles in dark. The rise in visibility range due to the advanced front light system has given rise to manufacturers to focus on coupling the two systems in order to make the safety system more efficient. This is predicted to provide lucrative opportunities to the global market.
The improper handling and the conditions like dense are predicted to restraint the global automotive night vision system market during the forecast period. Night vision systems are very common in vehicles nowadays and with the help of the different methods of infrared sensors, it becomes easy to detect in far-infrared (FIR) images.
Nevertheless, the performance of these systems can be changed due to the low vehicle detection rates. Along with that, these systems cannot display the images at the correct time so that the driver can avoid distraction from road traffic which is another major restraint of the global market.
The key players of the global automotive night vision system market industry are focused on introducing more innovative products and major challenges for the manufacturers of the original equipment are to improve the standard of the images in these systems and reducing the costs of productions.
The recent launch of next-generation ADAS systems is predicted to drive the transformation of the global automotive industry. The introduction of next-generation fusion cameras is very cost-effective and LiDAR systems are likely to boost the adoption of night vision systems around the world. The rise in investments for digitization has stimulated advancements in autonomous driving platforms and automotive safety.
Based on the latest research by the AAA Foundation for traffic safety, ADAS systems have near about 40% potential to prevent crashes of passenger cars. The advanced safety dices are reducing traffic accidents and improving the quality of driving, hence contributing to the growth of the revenue in the market.
According to the latest report, the global automotive night vision system market has been segmented on the basis of technology, components, system, vehicle type, and regions. Based on technology, the automotive night vision system market is segmented as Far Infrared (FIR) and Near Infrared (NIR). Near-Infrared (NIR) is predicted to influence the global market by technology in 2016 in terms of global automotive night vision system market revenue. The advantages of advanced technology help the driver to have better vision or they can see warmer living things as clear as it can easily spot dead animals, colder, or non-living objects, which is the major factor for the growth of the market in Near Infrared (NIR) segment.
On the basis of the vehicle type, the global market is segmented into two types one is passenger cars and the other is commercial vehicles, among which the passenger car segment holds outstanding automotive night vision system market value. The passenger segment can be further sub-segmented into hatchback cars, multi-purpose vehicles, sports utility vehicles, and sedans
The major key companies like Delphi Technologies, Robert Bosch GmbH, etc are inclined towards the developments of vehicle-specific systems by building a partnership with automotive manufacturers. The major key player of the market is focused on developing compact cars in order to gain higher automotive night vision system market shares. The rise in the product development frequencies by the manufacturers is likely to propel the growth of the market.
Major Key Players
The market is segmented on the basis of the technology, components, system, vehicle type, and regions. The global automotive night vision system market is expected to witness decent growth during the forecast period.
Based on the application, the market is segmented into Far Infrared (FIR) and Near Infrared (NIR)
Based on the propulsion types, the market is segmented into passenger cars and commercial vehicles. The passenger segment can be further sub-segmented into hatchback cars, multi-purpose vehicles, sports utility vehicles, and sedans.
On the basis of regions, the global automotive night vision system market has been segmented into four major regions including North America, Europe, Asia Pacific, and the rest of the world. North America region is predicted to influence the global market over the forecast period due to the existence of major key players in the automotive night vision system market. The prominent players are Delphi Automotive System Inc., FLIR Systems, and Magna International Inc., and they are likely to boost the growth of the market further in the North American region.
Moreover, the Asia Pacific region is predicted to witness a higher CAGR due to the booming automobile industry in this region. Along with that, the improved standards of living, developments of the infrastructure of roads, and increase in per capita ownership of cars are other major factors for the market growth.
The following report comprises of –
|Market Size||2027: Significant Value|
|CAGR||11.5% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Technology, By End Market, By Application, By Vehicle type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Delphi Automotive System Inc (U.S.), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Continental AG (Germany), FLIR Systems (U.S.), Magna International Inc. (Canada), Valeo (France), Autoliv Inc. (Sweden), HELLA KGaA Hueck & Co. (Germany), Bendix Commercial Vehicles Systems (U.S.)|
|Key Market Opportunities||Complexity of improper vision in the vehicle|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The automotive night vision system market is projected to register a CAGR of 11.5%.
By component, the segments of the automotive night vision system market are display unit, controlling unit, and sensor.
The segments profiled on the basis of technology are Near Infrared (NIR) and Far Infrared (FIR).
The high cost of the technology is likely to check the growth rate of the automotive night vision system market.
Increased visibility and adaptive lighting systems are some of the advantages of the technology expected to facilitate market growth.
The systems based segments are active NVS and passive NVS.
The key players of the automotive night vision system market are Delphi Automotive System Inc (U.S.), Robert Bosch GmbH (Germany), Denso Corporation (Japan), FLIR Systems (U.S.), Continental AG (Germany), Magna International Inc. (Canada), Autoliv Inc. (Sweden), Valeo (France), HELLA KGaA Hueck & Co. (Germany), and Bendix Commercial Vehicles Systems (U.S.).